Firm News, Announcements, & Events

When a Title Company refers to the “Survey Deletion Coverage” on the policy, the questions begin surrounding the confusion. It really is a “Survey Exception Amendment”, since Schedule B to the Title Commitment outlines what is NOT covered by the Title Policy, and this “Survey Deletion” amends that or puts it under the covered category.

In your title commitment, and ultimately the title policy you receive, there is a general exception to your title coverage that appears on Schedule B and reads “Any discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements”, meaning that these things are NOT included in the coverage.

What does that mean? Simply you have no coverage for those items in your title insurance. However, if requested, the exception can be amended to take out all of the language to the exclusion, except “Shortages in Area.” This means that an accurate survey was submitted to the title company and approved for the closing of a particular piece of real property.

Therefore, the purchase of coverage to amend this to describe “Shortages in area” as the sole exclusion or exception to coverage, you will be insured for loss, costs, and attorney’s fees and expenses resulting from discrepancies, conflicts in boundary lines, encroachment, protrusions or overlapping of improvements not shown on your survey and not known at the time of closing.

At this point your title insurance will offer you coverage resulting from discrepancies, conflicts in boundary lines, encroachments, and protrusions or overlapping of improvements not shown on your survey and not known at the time of closing. However, it is important to understand that any items found during the review of the survey would become additional exceptions to coverage in your title insurance policy, meaning those easements or items will be identified with specificity on Schedule B on the new Policy.

The cost of the Area and Boundary coverage selected in the contract is 5% of the basic title insurance policy premium, unless you have it issued simultaneous with the (T-19.1) companion endorsement when amending the Area and Boundary exception at the regulated 5% additional rate for a total of 10%. This rate treatment gives you a 5% savings if this is Residential. If the transaction is non-residential/commercial the rate is 10% of the base premium rate. To figure the exact cost of this coverage, use the Fidelity National Title Premium calculator on the website, fnf.com . (Costs of coverages are based on the insured property qualifying as “residential” and the purchaser qualifying as an “individual” under Texas regulatory rules.)

October 12, 2017

Simpson Law and Title Receives 2017 Best of Richardson Award

Richardson Award Program Honors the Achievement

RICHARDSON October 12, 2017 — Simpson Law and Title has been selected for the 2017 Best of Richardson Award in the Business Services category by the Richardson Award Program.

Each year, the Richardson Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Richardson area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2017 Richardson Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Richardson Award Program and data provided by third parties.

About Richardson Award Program

The Richardson Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Richardson area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Richardson Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

RICHARDSON May 25, 2016 — MM Simpson & Associates has been selected for the 2016 Best of Richardson Award in the Business Services category by the Richardson Award Program.

Each year, the Richardson Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Richardson area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Richardson Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Richardson Award Program and data provided by third parties.

About Richardson Award Program

The Richardson Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Richardson area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Richardson Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SimpsonLaw Firm Event: The firm is backstage for the production of “Wicked” at Fair Park in Dallas!

December 22, 2015

Last week, Mabel Simpson was a special guest on the Jeff Crilley Show! Mabel discussed her personal and career history as well as the real estate law industry. Click to watch below! The Jeff Crilley Show airs live in Dallas every Saturday from 11am to 12pm central on the radio on 1190AM

November 10, 2015

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July 13, 2015

Mabel Simpson: Richardson City Council needs your help at start of 2015-16 budget process

Thank you for all your leadership to make this event a success! It’s a privilege to work with you! Thank you so much for being a friend and supporter of the recent Girls Going Places Entrepreneurship Conference! The day was truly a success and we’ve been flooded with positive feedback from students, schools, and mentors.

Your partnership in making this event happen is greatly appreciated! Between the April 7th dinner event and the April 8th Conference, we had 136 middle school and high school girls, 36 mentors from the community, 86 UT Dallas female students, and countless volunteers come together for a truly landmark event!

Without the involvement and generous support of our friends and sponsors, this event could not have taken place. We are so grateful for your partnership!

Included here are some photos from both the dinner and the conference as well as a few of the thank you notes from the girls. Thanks to you, these girls were exposed to more options for their lives, encouraged to reach higher, and inspiration to try new things!

With gratitude,
Melissa Palmer
Program Manager, The Institute for Innovation and Entrepreneurship at UT Dallas
972-883-5959

The University of Texas at Dallas

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We are having our Grand Opening of our renovated offices on April 16. The Grand Opening is from 4p.m. – 7 p.m.

Address: 1755 N Collins Blvd # 105, Richardson, TX 75080

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Mabel Simpson joins State of Texas Legislative Committee assisting with advocacy efforts and studies and recommends TLTA’s position on legislative issues. The Committee also assists lobby team with drafting and reviewing legislation. Two in-person meetings per year as well as by conference call.

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Mabel Simpson awarded Partner Hero Award by Guardian Mortgage SVP Marcus McCue: Guardian Mortgage Partner Award program recognizes the many outstanding partners to Guardian and to share great ideas and smart approaches with our valued partner. A mortgage Guardian wasn’t handling but assisted the Estate Planning and Probate Attorney who reached out for assistance by referring them to Mabel Simpson. Mabel understood the nuances and was able to help the deal go through when Probate Attorney’s Title Company didn’t understand how to make it work.

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Simpson Law and Title once again successfully represents multiple legal entities in defense of non compete and trade secret litigation with allegations in excess of $5 Million. Mabel Simpson said, “Recognizing there must be tort reform in the business litigation arena, the adoption of the trade secret statute, exemplary damage statute, as well as “Loser Pays”, these rules need to be enacted immediately.”

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Simpson Law and Title successfully represents Business Client inSALES TAX AUDIT. Case derived from clients lured to the cleverly advertised “Sales Tax Firms” promising refunds and representation on contingent fee basis or flat fee representation. With the case jeopardized,, Simpson Law Representation covered 3 audits started at different times while being assigned to different agents. SimpsonLaw was successful in the consolidation of all audits. Successfully recovered more than $180,000 in incorrectly assessed sales tax.